Pick of the Day: EUR/USD - Trade Closed
It's a new week, and for a second it looks like the markets were back to Euro selling as EUR/USD markets opened up and fell back below 1.29. However, it didn't manage to hold as… More…
About Pick of the Day
At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. Trades will be posted by 1 am ET, Monday through Thursday evening.
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January 2009 Monthly Archive
Pick of the Day: GBP/USD - Close Trade
Greetings! I've been in this trade for a few days and it's been an up and down ride as I was down a bit, then Cable dropped my way to 1.41, and now it has shot back up above 1.43. So, Cable really hasn't gone much of anywhere and … More…
Pick of the Day: USD/JPY - Close Trade
What is up my peoples! It looks like the move lower has run out of juice as USD/JPY stalls at previous support. I have decided to close my short position for now on the possibility we … More…
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